A series of Amendments to rectify the identified loopholes of the newly introduced Inland Revenue Act would be presented to Parliament in the first week of July, Finance and Mass Media Minister Mangala Samaraweera said yesterday. Speaking in Parliament, he said the removal of 15 percent VAT on channeling …

The Government spent about Rs 450 billion annually to maintain public institutions, Leader of the House and Minister Lakshman Kiriella told Parliament yesterday. He said Janawasama and Elkaduwa Plantations were being operated by the Government incurring heavy losses. He said the Government had come up with 250 project proposals to …

A foreign national was apprehended by the Customs officials,, at the Bandaranaike International Airport (BIA) for attempting to smuggle out foreign currency. The arrested suspect is a 54 year old Indian departing for China, according to the Customs. The Customs officials have seized foreign currencies worth USD 60,000 which was …

Chairman of the ICC Code of Conduct Commission, Michael Beloff QC has been appointed as the Judicial Commissioner to hear Dinesh Chandimal’s appeal today (22). ICC further said the hearing will take place on Friday, and legal counsel for both parties and Chandimal will join via telephone or videoconference. Earlier …

The government has issued an extraordinary gazette notification listing the names of 14 individuals living overseas with links to the LTTE and banning them from entering Sri Lanka, by placing them in the list of designated persons. The amendment to the List of Designated persons under the United Nations Regulations …

The body of the Saudi Arabian tourist, who went missing after an inflatable boat toppled in the Mahawelia River, has been recovered in the Warathenna area. The 24-year-old female university student from Saudi Arabia was reported missing after the white water rafting boat toppled yesterday (20) at Gohagoda, Katugastota. Police …

The Court of Appeal yesterday granted UPFA MP Mahindananda Aluthgamage permission to have his indictment transferred from Court No. 5 of Colombo to any other competent High Court in Colombo, so that the trial could be conducted. Aluthgamage had requested the court of Appeal in a writ application to …